AerCap Holdings reports USD223m net profit in 1Q2016

AerCap Holdings revenue up 2% - financial highlights for three months ended 31-Mar-2016:

• Total revenue: USD1318 million, +2.2% year-on-year;
• • Basic lease rents: USD1139 million, -2%;
  • Maintenance rents and other receipts: USD150.4 million, +121%;
  • Net gain on sale of assets: USD19.0 million, -44%;
• Net profit: USD223.1 million, -28%;
• Total assets: USD43,718 million;
• Total cash: USD3328 million;
• Total lease assets: USD35,311 million;
• Total liabilities: USD35,259 million. [more - original PR]

AerCap Holdings: "AerCap produced strong first quarter results, demonstrating the consistent earnings power of our global leasing platform. We delivered adjusted earnings per share of USD1.54, and expect to generate USD800 million of excess capital during 2016. We continue to see global demand for our aircraft and have access to USD9.1 billion of liquidity to meet our strategic objectives. Our proactive portfolio management initiatives, coupled with return of capital, are focused on maximizing long-term value for our shareholders," Aengus Kelly, CEO. Source: Company statement, 12-May-2016.